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According to the NewYork Times, as recently as 25 years ago, builders were able to sell newly built houses of 1,400 square feet with two to three bedrooms for $125,000 or less. In addition, communities–and economics–are requiring that new homes be larger and hence, more expensive. Housing Policy + Finance.
Many first time buyers depend on mortgage loans financed by the Federal Housing Administration, whereas sellers in a tight market are looking for home shoppers with the “highest down payment, a near perfect credit score, and the ability to outbid others,” according to Zonda Chief Economist Ali Wolf. . New-Home Marketing.
Central Park Tower, NewYork City. For the second straight year, the world has seen a decrease in the number of tall buildings completed, according to a new report from the Council on Tall Buildings and Urban Habitat (CTBUH). Photo by Itrytohelp32 , CC BY-SA 4.0.
All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect. Knowing The Answers Helps.
For a list of NewYork economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. FINANCING & GRANTS. Eligible applicants include NewYork State manufacturers that employ fewer than 500 workers. The maximum award is a $50,000 grant.
As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, NewYork City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.
Some of these problems are simply a failure of supposedly responsible individuals not following long established and fundamental financing practices. One of the basic rules in financing any purchase is that you match the length of the financing to the usable life of the assets. The simplest example is car financing.
Chicago, Philadelphia, and NewYork experienced the largest declines in underwater homes during that period, reports National Mortgage News. There remain pockets of the country where housing debt-traps are widespread. Housing Policy + Finance. Now, with home values up, there remains 2.25 million at the end of 2019.
Nearly 50 fatalities were reported in NewYork in the days after the storm; the death toll in New Jersey did not exceed 40 thanks to heroic efforts by NJ Gov. In January, HuffPost reported that Sandy damaged or destroyed 305,000 housing units and disrupted more than 265,000 businesses in NewYork.
Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Alabama Industrial Access Road & Bridge Program: Provides financial assistance to communities for industrial access to new and expanding industries.
million over 10 years to encourage the company’s relocation from NewYork City to a new facility in Jersey City instead of Norwalk, CT. Several senior executives as well as finance, accounting, retail operations and other administrative groups are among the 175 jobs to be relocated to the Garden State.
commercial real estate financing in 2014. REITs are expected to continue to serve as a leading source of real estate debt and/or equity funding while banks also are projected to boost funding in 2014. Confidence in the banking industry as a primary source of commercial real estate financing has increased by 34% since 2011.
ENR NewYork. Scarce new development activity amid tight lending conditions has ratcheted up the rivalry among job-hungry contractors, leaving more firms vying for fewer projects. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others.
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.
Wages are rising, but not as fast as inflation, so job growth and low household debt burdens are keeping the economy going,” Rogers adds. Perry is an award-winning freelance writer based in NewYork City. Housing Policy + Finance. And while Moody’s Analytics projects GDP growth of 1.7% in 2022 and 0.7% increase of 2021.
With the fluctuating economy and the recent downgrade of the country’s debt, it remains unclear what the future will hold for the design industry. Businesses seem to be paying down debt and not risking investment in new ventures. NewYork Times. Proposal Writing News. Corporate Finance Associates blog.
Unemployment, raising energy costs, and economic uncertainty over the government debt ceiling clearly have consumers nervous. According to these firms, the most common reason for lack of progress is the owner’s difficulty in obtaining financing. NewYork Times. Proposal Writing News. percent in March to 9.2
“With unemployment rates creeping back up and concerns about the United States’ debt burden, there is reason for concern at the most macro level. NewYork Times. Proposal Writing News. Corporate Finance Associates blog. Design-Build Institute of America (DBIA). The Wall Street Journal. HubTrotter.
Pennsylvania’s decision to consolidate hundreds of bridge projects into a single procurement financed by a bond fund managed by a new Public-Private Partnership (P3) should serve as a model for the rest of the country. The $722-million project is the largest private-activity bond financing of a public-private partnership in the U.S.
“With unemployment rates creeping back up and concerns about the United States’ debt burden, there is reason for concern at the most macro level. NewYork Times. Proposal Writing News. Corporate Finance Associates blog. Design-Build Institute of America (DBIA). The Wall Street Journal. HubTrotter.
The TNECD website summarizes Tennessee’s approach to business climate with this credo: “We believe in high expectations, low debt and a pro-business regulatory environment. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business.
If you seek a STEM job or a design job once you graduate from college you have a real chance of having your student debt relieved.”. is on track to open its first Amazon Robotics facility in Colorado, bringing over 1,500 new jobs to the Metro Denver region. Amazon.com, Inc. and Denver.
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